5 Painless ways to save money for your retirement

You are in your thirties, living life to the fullest, got no issues to resolve, or maybe one or two. Your earnings are enough to meet the expenses, kids are doing well in their studies, and the married life is the smoothest of all. Are you one of them? Yes!

Then, what are your retirement plans? The majority will come up with a causal answer, while other will seal their lips, keeping a blank face. Probably, most of us don’t think about the future ahead- when there are no paychecks, just have to live life on savings! Many top financial guides, the specialist in this field also advise their clients to save money for the retirement since the time they start earning, as a rule of thumb.

Check out the top 5 tips to have a happy retirement, even if your relatives and friends are not on your side:

  1. Save 10% of your monthly income

This is not the easiest thing to do, especially in the current scenario of rising inflation, and the inevitable demands of your family members. However, there are some ways to make it happen, one by signing for a bank saving scheme which complement your retirement plans. Or, the best way is to put money on things which are not exactly investments such as gold. But, stay away from the stock market and betting!


Save cash on unnecessary essentials, wherever and whenever you can! Cut down on your grocery bills by following smart shopper practices (shopping coupons). Don’t spend all your after job savings on vacation trips, try to get best travel discount deals, so that it doesn’t get in the way of you enjoying a lovely winter evening in the comfort of your home!

  1. Automate your savings

One of the easiest and the painless way to save cash for future is to set your monthly contributions on an “autopilot mode” so, that you don’t forget, or knowingly skip it for any number of reasons.

Discuss with your employer is there an option of depositing some part of the paycheck directly in the employee’s saving account or not? Or any other arrangement likes this!

  1. Move to suburbs

Why? Because the city in which you may be living is not one of the most affordable places on this planet. Right from food expenses to transportation costs, the essential elements of life are beyond a salaried wager’s earnings in the most metropolitan city.

  1. Tax refund

It’s tempting to use that extra money which you get from the government in the form of tax rebate or refund. But, putting them in your saving account will surely be a big boosts for your retirement saving!

  1. Cut the cable cord

Cable TV services are mostly overpriced and avoidable home entity, because, who have that extra time to show boring TV shows after getting over the nuisance of your boss at the office.


It is not that you have to be in your own world, make use of the internet- read an online newspaper, root for your favorite soccer club via live streaming, watch movies and listen to music online.

At last, keeping money aside for the retirement doesn’t have to be a chore. Small savings can fill up big jars, given enough time to compound.


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